Zynga must face a lawsuit accusing the online gaming company of defrauding shareholders about its prospects before and after its 2011 IPO.» Read More
NEW YORK, Oct 5- U.S. stock index futures were slightly higher in thin trading Friday, after four days of gains on the S&P 500, and ahead of a government payrolls report expected to show a tick up in hiring last month and a slight increase in the unemployment rate.
*Wedbush cuts Zynga Inc price target to $4 from $7; rating outperform. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
NEW YORK, Oct 5- Zynga Inc:.
*Evercore Partners cuts Zynga Inc price target to $1.70 from $2;. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
NEW YORK-- Shares of Zynga tumbled in premarket trading on Friday as the online game maker said that it expects a third-quarter loss due to weak demand for some of its titles. Zynga Inc. anticipates a third-quarter loss of 12 to 14 cents per share. Brian Pitz of Jefferies lowered Zynga's price target to $2.50 from $3 and maintained a "Hold" rating.
*Jefferies cuts Zynga target price to $2.50 from $3; rating hold. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*BMO cuts Zynga Inc price target to $3 from $5; rating market perform. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Baird cuts Zynga Inc to neutral; price target to $3 from $6. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
*Zynga shares slide after warning, Facebook slips. *Sprint could counterbid on PCS- sources. Labor Department data showed the jobless rate dropped by 0.3 percentage point in September to 7.8 percent, its lowest since January 2009.
TAIPEI, Oct 5- Following are news items and media reports that may affect the Taiwan stock market. >Zynga warns of 3rd- qtr loss, lowers 2012 outlook. >Google warns of more Motorola cuts, lifts Q3 bill.
NEW YORK, Oct 4- Zynga Inc:.
SAN FRANCISCO, Oct 4- A decade ago, a developer from Korean gamemaker Nexon threw a few lines of code together to create an image of a flower to present to his girlfriend, buying himself more videogame time as she sat impatiently by his side at an Internet cafe.
SAN FRANCISCO, Oct 3- Facebook Inc is letting users in the United States pay a fee to boost the visibility of their postings on the social network, the company's latest effort to look beyond advertisers for revenue.
Zynga's chief marketing officer Jeff Karp is leaving the gaming firm, the company said Monday.
In the race for digital advertising dollars, Google has been the clear winner, with its ability to customize advertisements based on what you search for. But Facebook, which customizes ads based on who you and your friends are, hopes to be a contender. An important test of how it is doing will come on Thursday, when it releases its first earnings numbers since going public, the New York Times reports.
Morgan Stanley’s big second-quarter earnings miss is a result of abysmal trading results and not a botched initial public offering of Facebook shares.
After the biggest initial public offering in history, Facebook has disappointed investors large and small. Zynga, Facebook's big driver in traffic, is performing more like a lead zeppelin than a Led Zeppelin.
Perhaps the biggest news out of the interview was the fact that Zynga spacer is "actively exploring real money gaming" — i.e. gambling. This could be a massive new source of revenue for Zynga, which has a hugely popular online Poker game.
Thinking of steering clear of this unstable stock market? The "Mad Money" host says think again.
Electronic Arts stock is trading around a 52-week low, but Electronic Arts' CEO John Riccitiello tells me that the fundamental problem is not with the company, but with investors understanding its business.